Government Increases Interest Rates on Small Savings Schemes for January-March 2024
Small Savings Schemes The government has recently announced a hike in interest rates for two small savings schemes for the period of January–March 2024. This move aims to provide better returns to investors and encourage savings among individuals. The interest rates on these schemes have been raised by 10–20 basis points (bps), indicating a positive outlook for savers and investors. The interest rates for the January–March 2024 quarter of small …